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ID

UC006

Use Case

Single/Future & International Payments

Description

Buying products/services in E-commerce using Open Finance as a payment method. Digital payments in which funds are transferred directly from one bank account to another bank account in the range of few minutes. Possible to schedule payments to future dates.

Includes: Single Instant Payments; Single Future Dated Payments; International Payments; Request To Pay, and Refunds.

Benefits

More convenience in payments journey and reduce fees for merchants.

Industry

Banking

Category

Service Initiation

Consumer

☑️

SME

☑️

Corporate

☑️

API Functionality

Key APIs

Payment Initiation

  • GET /payment-consents

  • GET /payment-consents/refunds

  • POST /payment-consents/file

  • PATCH /payment-consents

Payment Instruction

  • GET /payments

  • POST /payments

  • HEAD /payments

Benchmarking

Location

Type of Use Case

Reference Players

UK

Mandatory - implemented

HMRC, Nuapay

Brazil

Mandatory - implemented

Bradesco, Banco Do Brasil

Other locations

N/A

Tink (Europe)

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